‘Grandfathering’ Of Solar Projects Bid Out Before March 9, 2021 Back on Agenda Updated On Thu, Mar 24th, 2022 by Saurenergy The thorny issue of protecting projects that were bid out before March 9, 2021 subsequent to which the Power and MNRE Minister R.K. Singh announced plans to impose high customs duties on Solar module and cell imports, moved a step closer to a resolution it seems. Mr Singh has confirmed that the MNRE ministry has […] Read more
Auction Winners Bid at Rs 2.29/unit For 500 MW GUVNL solar auction Updated On Thu, Mar 17th, 2022 by Saurenergy In bids that continue to surprise, the Gujarat Urja Vikas Nigam Limited’s (GUVNL) January tender for 500 MW of solar power has attracted a very aggressive set of bids from the 4 winners declared. Fortum (through Alpha Energy- 200 MW), SJVN (100 MW), Hinduja Renewable Energy (120 MW) and UPC Renewables (80 MW) have bid, […] Read more
Kolkata-based solar PV cell maker raises Rs 170 crore Updated On Mon, Mar 14th, 2022 by Saurenergy Kolkata-based Solar photovoltaic (PV) cell manufacturer Jupiter International has raised ₹170 crore from funds managed by wealth management firm Edelweiss Alternative Asset Advisors (EAAA). The funds will be utilised as growth capital to enhance its manufacturing capacity, the Kolkata-based company said on Sunday. The company plans to set up a new greenfield capacity of 2,000 […] Read more
PV Wafer and Cell Prices Continue to rise, as Chinese suppliers continue hikes Updated On Wed, Mar 9th, 2022 by Saurenergy Leading integrated Chinese manufacturer LONGi solar has increased wafer prices for the third time since January, taking wafer prices to fresh highs. That means large cell manufacturers like Tongwei solar have followed with price hikes across cells, especially in the new, more widely used 182 mm and 210 mm sizes. These price hikes, come at […] Read more
Icra Predicts Strong Demand for Domestic Solar OEMs with Policy Support Updated On Tue, Feb 22nd, 2022 by Saurenergy Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme by the winning bidders. However, […] Read more
MNRE Minister confirms fresh bids to be called for expanded Solar PLI Scheme Updated On Sun, Feb 20th, 2022 by Saurenergy Union minister for Power and Renewable Energy RK Singh has said that the fresh bids will be invited for the setting up of 40,000 MW production capacity for solar modules and cells under the production-linked incentive (PLI) scheme. Finance Minister Nirmala Sitharaman had made an additional outlay of Rs 19,500 crore for the PLI scheme […] Read more
APTEL Clears Way For BSES Discoms to exit NTPC’s Dadri-I PPAs Updated On Wed, Feb 16th, 2022 by Saurenergy In a major relief to BSES Yamuna and BSES Rajdhani, the Appellate Tribunal for Electricity (APTEL) has upheld the appeal by the two DISCOMS and allowed them to withdraw from the power purchase agreements (PPA) and supplementary PPA with NTPC’s Dadri I plant. The key reason behind the order is that the power generating plant […] Read more
SECI Announces Results of 1800 MW of Solar, Wind Solar Projects Updated On Wed, Feb 2nd, 2022 by Saurenergy On a big day for tender results, SECI has announced the winners of the tender for 1200 MW solar projects in Karnataka, under Tranche X of its tendering programme. Ayana Renewable Power (Represented by Project Eight Renewable Power Private Limited) and Fortum (Represented by SolarOne Energy Private Limited) have been awarded 300 MW each at […] Read more
A Solar PLI Scheme Disregarding MSME Sector Could Lead To Cartel Like Situation In Solar Too Updated On Wed, Feb 2nd, 2022 by Saurenergy The announcement of the PLI scheme expansion from Rs 4500 crore till now by a further Rs 19,500 crores was the most notable one for the solar sector in the Budget for 2022. While widely welcomed, the move does raise an existential question for the hundreds of SME and MSME firms involved in the module […] Read more
